On January 2, 2010, Bork Corp.replaced its boiler with a more efficient one.The following information was available on that date: The old boiler was sold for $3,000.What amount should Ross capitalize as the cost of the new boiler?
A)$98,000.
B)$92,000.
C)$95,000.
D)$97,000.

Question

On January 2, 2010, Bork Corp.replaced its boiler with a more efficient one.The following information was available on that date:  The old boiler was sold for $3,000.What amount should Ross capitalize as the cost of the new boiler?
A)$98,000. 
B)$92,000. 
C)$95,000. 
D)$97,000.

Quizplus · Accepted Answer

The Answer of On January 2, 2010, Bork Corp.replaced its boiler with a more efficient one.The following information was available on that date:  The old boiler was sold for $3,000.What amount should Ross capitalize as the cost of the new boiler?
A)$98,000. 
B)$92,000. 
C)$95,000. 
D)$97,000.